What advantage do Nigerians and mormons have over others?

[Camile.Bidan]

i work in corporate finance. I started at the B4 audit then moved to consulting.

I have dealt with I-bankers, big firm consultants, venture capitalist firms, and dozens of industry corporate accounting and finance deptartments.

Through all my years of experience all over the United States, I have noticed a huge over representation of mormons and Nigerians in finance. 9 times out of ten, they are always extremely competent, conscientious, and reliable.

There has been at least one Mormon and Nigerian (if not more), at nearly every place that I have worked at and nearly every engagement team that I have been a part of.

I have seen a few articles that speak to this, so I know it's not just my experience.

Is there something about their culture that promotes a career in finance?

I want to incorporate what whatever they are doing into my household culture.

 

[Dr. Acula]

You're a terrible poster. Just figured I start by saying that.

Nigerians are the highest earners of higher education in the US. More so than the supposed "model minorities" like Indians and Asians. I'm not familiar with the details of what they tend to study and prefer but I've met a few in my engineering college and it seems the others I've met are mostly focused on STEM related careers and encouraged by their parents. I don't know why you see so many in finance, but that may just be where many are encouraged to go.

Though, I haven't seen the data related to earnings. Indians have the highest earnings of all groups in the US which is concerning when Nigerians have the highest educational attainment which you would think would translate into also the highest earnings.

 

[Secure Da Bag]

You're a terrible poster. Just figured I start by saying that.

Nigerians are the highest earners of higher education in the US. More so than the supposed "model minorities" like Indians and Asians. I'm not familiar with the details of what they tend to study and prefer but I've met a few in my engineering college and it seems the others I've met are mostly focused on STEM related careers and encouraged by their parents. I don't know why you see so many in finance, but that may just be where many are encouraged to go.

Though, I haven't seen the data related to earnings. Indians have the highest earnings of all groups in the US which is concerning when Nigerians have the highest educational attainment which you would think would translate into also the highest earnings.

Is this strictly a numbers game? What I mean is: are there simply more Nigerians than Indians and therefore more Nigerians getting degrees than Indians? Type of degree also is a determining factor on salary. It would be interesting to see those stats as well.

 

[Camile.Bidan]

You're a terrible poster. Just figured I start by saying that.

Nigerians are the highest earners of higher education in the US. More so than the supposed "model minorities" like Indians and Asians. I'm not familiar with the details of what they tend to study and prefer but I've met a few in my engineering college and it seems the others I've met are mostly focused on STEM related careers and encouraged by their parents. I don't know why you see so many in finance, but that may just be where many are encouraged to go.

Though, I haven't seen the data related to earnings. Indians have the highest earnings of all groups in the US which is concerning when Nigerians have the highest educational attainment which you would think would translate into also the highest earnings.

Why am I a terrible poster? What did I do wrong this thread in particular?

Indians are high earners because of a distortion.


The vast majority of Indians are here in the Bay Area (mostly Sunnyvale, Fremont, Cupertino, etc). Anyone in comp engineering can make 160K+ easily here, but 160K is not a lot of money here in the SF Bay Area. If many of the Indians here made 160K per head, that would easily put them way ahead everyone in United States at a national level. However, I am in the 160K - 200K range, and I wouldn't consider this income range to be upper middle class in the Bay Area. This is definitely lower class, and it's not possible to comfortably buy a house at this income level. Without my wife's additional 70K, we would be completely underwater trying support a family of 5 now. In fact, I am leaving California entirely soon because it's completely unaffordable.

Based on my experience, many Africans are in The upper north west and the east coast, where wages are lower but cost of living is a lot cheaper.

So Nigerians and even Mormons may have lower earnings due to their geographical locations, but how do their earnings compare to their COL and their wealth accumulation.

 

[Secure Da Bag]

So Nigerians and even Mormons may have lower earnings due to their geographical locations, but how do their earnings compare to their COL and their wealth accumulation.

Good point.

 

[rapbeats]

i work in corporate finance. I started at the B4 audit then moved to consulting.

I have dealt with I-bankers, big firm consultants, venture capitalist firms, and dozens of industry corporate accounting and finance deptartments.

Through all my years of experience all over the United States, I have noticed a huge over representation of mormons and Nigerians in finance. 9 times out of ten, they are always extremely competent, conscientious, and reliable.

There has been at least one Mormon and Nigerian (if not more), at nearly every place that I have worked at and nearly every engagement team that I have been a part of.

I have seen a few articles that speak to this, so I know it's not just my experience.

Is there something about their culture that promotes a career in finance?

I want to incorporate what whatever they are doing into my household culture.

odds are you're probably running into Igbos. But from hearing others speak on nigerians, it is apart of their culture. but I believe it's a part of certain nigerian tribes' culture.

So the social dynamic of Igbos does support the theory. This is not to say other tribes are not active economically but on aggregate, I think people of Igbo descent are the most financially capable community in Nigeria.

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assume your question is asking which ethnic nationality in Nigeria has the has amount of wealth; assets, resources, funding, on aggregate. Yes all tribal nationalities in Nigeria have their fair share of the national cake; each region has both rich guys and poor guys, in terms of ratio (Rich : Poor) and to not sugar coat this answer, I’ll have to go with the Nigerians of Igbo descent.

Western Nigeria is consumerist economically and has power of demand, the economic dynamic in Nigeria is that the East supplies the West with imports or locally made materials. Economic activities exist in form of unions, the market woman selling fish or tomatoes is a member of at least one Union or Cooperative.

The East is Nigeria’s production hub for locally made goods. Eastern economic interests are diversified and the end game is monopoly for most business men. This creates cut throat type of competition between business entities. Traditionally, Eastern Nigerians (Igbos as a case study) have been ruled by a plutocratic loose republic where upward social mobility is achieved through asset acquisition, in middle ages Igboland, different lineages competed in growing yams. So Eastern Nigerians are more competitive. I cannot give exact statistics but it appears 7 out of 10 Igbo households have at least one family oriented source of income. In recent years, Igbo plutocrats have been known to hijack the financial structure of political parties.

Northern Nigerians derive their wealth from agriculture, joinery, fabric, leather whose markets are traditionally heavily influenced by a religious, autocratic system of government which was at the end of the 19th century the largest exporter of slaves in the sub sahara. The result is much slower upward social mobility, the perceived form of self actualization carries a more religious undertone.

So the social dynamic of Igbos does support the theory. This is not to say other tribes are not active economically but on aggregate, I think people of Igbo descent are the most financially capable community in Nigeria.

 

[Berniewood Hogan]

Why am I a terrible poster?

Threadstarter is a racist and is afraid of black people

His alias is in my sig

honestly, I feel sorry for him.

He was trying to do right, and he had media attack and lambast him.

He is painted as a white racist when his grant grandfather was black. What did he do that was so wrong? He defended himself against an Aggressor. If I was in his shoes, I feel I may have done the same thing.

If he had shot someone of another race, I don't think anyone would have cared at all. that is true shame of this case.

Black people are scary. Let's be honest. I'm being honest with myself here. They put fear into my heart. When I see them on the street, I am scared. When I am scared, I react with instinct and emotion--not logic and reason. That's why I feel empathetic.

As a non-black, I remember how it was in school. How black kids would rob and pick on those that were weaker than them. I felt like they hated everyone. I remember the violence, and how we all banded together to defend ourselves. I'm not the only one who experienced this. Millions of others in the public school system went through the same thing. We are conditioned to hate and to fear through our experiences, and every time we are put into situations where our lives (we think) is in danger, those experiences push us to do things that we wouldn't otherwise.

We're animals and we're programed to behave a certain way--a predictable way. I can't blame Zimmerman reacting the way he did. I don't think he is a evil person, and I don't think he deserves this ridicule.

Call me a troll. Call me crazy.. I don't really care. That is how I feel on the subject.

Your last thread was erased after this was brought up again. Wonder if you requested that.